Property Tax Credit

[jer79]

where does the money come from for these programs ? so they are taking from the struggling taxpayers and giving it to multi billion dollars companies.

The JSDC i believe is funded by city tax revenue, some of the programs on the website you linked appear to be state programs. These programs are seen as a investment in job creation and tax revenue, if you build or expand the property you will get taxed on your property at a higher amount in the future. The only multi-billion dollar business here i know of besides walmart is the ethanol plant and bean crushing plant. They pay i think about over 30 some dollars an hour starting with great benefits for entry level positions. There are probably 100 employees between the two and they bring in other monies from contractors working there and staying in town in motels, buying fuel, restaurants. also before the ethanol was there it was just ag land and taxed at a very low rate, now that land is much more taxable and after a 5 or 10 year break on the property tax it is quickly forgotten. I'd imagine other cities have similar programs. I assume you voted yes on the abolishment so i have to assume you have no problem with sales tax. because if that passed the way it was written it would double in ten years after the frozen amount of funds became not anywhere enough. along with state income tax. even if the idiots would have specified primary residents only (which i would have voted yes) we would see some increases in the future.